Wayne is single and has no dependents. Wthout considering his $11,000 adjusted net capital gain (ANCG), his taxable income, which includes no investment income, in 2017 is as follows (Click the icon to view the 2017 tax rate schedule for the Single fling status.) (Click the icon to view the standard deduction and personal and dependency exemption amounts.) (Click the icon to view the 2017 taxable income data.) Read the requirements Requirement a. What is Wayne's tax lability without the ANCG? (Do not round intermediary calculations. Enter the amount you input in the cell to the nearest cent.) Wayne's tax liability without the ANCG is Requirement b. What is Wayne's tax lability with the ANCG? Begin by computing Wayne's taxable income with ANCG. (Round the phase-out multiple up to the next whole increment.) Data Table AGI Home mortgage interest S State and local income taxes S 261,500 22,100 AGI with ANCG 8,000 Minus 4,050 41,150 Personal exemption S 220,350 Taxable income Taxable income with ANCG Now compute Wayne's tax liability with the ANCG. (Do not round intermediary calculations. Enter the amount you input in the cell to the nearest cent.) Print Done Tax liablity with ANCG